Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.018%

Price spread now: StandX against OKX−0.117%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on OKX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 7 days+0.139%+$14 · spread now −0.117%, 7d avg +0.006%

Together, before fees−0.033%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and StandX is 0.122% cheaper against OKX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,046.3	0.0080	pay 0.0080% / 8h	45m 59s	$30.8M	$105.2M	50x
Short	StandX MU-USD	1,045.1	0	get 0.0000% / 1h	45m 59s	$189K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee StandXbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$16.79
Price spread: −0.117% → +0.006%: −$12.21
Slippage, 4 orders: −$7.65
Fee OKX: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$54.65
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; StandX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	0.05 bp	5.0 bp −$5	5.8 bp −$58	17.3 bp −$1,726	doesn't fit
Sell StandX live order book, 3 min ago	2.53 bp	7.5 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0477%	4h	1,045.5	−0.082%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.3	−0.006%	$63.1M	$29.0M	75x	as long as short
StandX MU-USDshort	0.0000%	1h	1,045.1	−0.117%	$189K	$3.3M	20x
SunX MU-USDT	0.0000%	8h	1,048.5	+0.209%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.9	−0.038%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	−0.009%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.420%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,044.9	−0.135%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	−0.019%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046	−0.031%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.6	−0.162%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAPlong	+0.0080%	8h	1,046.3	long leg	$30.8M	$105.2M	50x
QFEX MU-USD	+0.0080%	1h	1,046.3	+0.002%	$7.8M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.3	+0.002%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	−0.078%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	−0.042%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.4	+0.007%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,046.4	+0.004%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,046.2	−0.012%	$33K	—	10x	as long as short
SoDEX MU-USD	+0.0143%	1h	1,046.4	+0.003%	$687K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0157%	8h	1,046.2	−0.010%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0164%	8h	1,046.6	+0.024%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0189%	8h	1,045.5	−0.079%	$2.6M	$2.5M	—	as long as short
Lighter MU	+0.0200%	1h	1,046.2	−0.010%	$1.0M	$4.8M	20x	as long as short
Binance MUUSDT	+0.0211%	8h	1,046.5	+0.021%	$124.9M	$533.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.7	−0.061%	$756K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0253%	8h	1,045.7	−0.055%	$77K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0257%	1h	1,046.4	+0.007%	$25K	$396K	10x	as long as short
Nado MU-PERP	+0.0260%	1h	1,045.5	−0.074%	$270K	$875K	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.6	+0.027%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0312%	1h	1,046.2	−0.011%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0329%	8h	1,046.4	+0.003%	$1.4M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0362%	1h	1,046.1	−0.020%	$62K	$258K	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	−0.040%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	−0.047%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.7	+0.035%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0720%	1h	1,045.3	−0.102%	$540K	$1.1M	10x	as long as short